FLHY vs. TIPX
Compare and contrast key facts about Franklin Liberty High Yield Corporate ETF (FLHY) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX).
FLHY and TIPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLHY is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018. TIPX is a passively managed fund by State Street that tracks the performance of the Bloomberg US Govt Inflation-Linked (1-10 Y). It was launched on May 29, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLHY or TIPX.
Correlation
The correlation between FLHY and TIPX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLHY vs. TIPX - Performance Comparison
Key characteristics
FLHY:
1.28
TIPX:
2.26
FLHY:
1.80
TIPX:
3.26
FLHY:
1.30
TIPX:
1.45
FLHY:
1.75
TIPX:
1.44
FLHY:
8.91
TIPX:
8.13
FLHY:
0.88%
TIPX:
0.93%
FLHY:
6.12%
TIPX:
3.36%
FLHY:
-22.57%
TIPX:
-10.06%
FLHY:
-0.96%
TIPX:
-0.57%
Returns By Period
In the year-to-date period, FLHY achieves a 0.99% return, which is significantly lower than TIPX's 3.92% return.
FLHY
0.99%
-0.17%
1.55%
8.41%
6.54%
N/A
TIPX
3.92%
0.90%
3.50%
7.88%
2.93%
2.68%
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FLHY vs. TIPX - Expense Ratio Comparison
FLHY has a 0.40% expense ratio, which is higher than TIPX's 0.15% expense ratio.
Risk-Adjusted Performance
FLHY vs. TIPX — Risk-Adjusted Performance Rank
FLHY
TIPX
FLHY vs. TIPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty High Yield Corporate ETF (FLHY) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FLHY vs. TIPX - Dividend Comparison
FLHY's dividend yield for the trailing twelve months is around 6.60%, more than TIPX's 3.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLHY Franklin Liberty High Yield Corporate ETF | 6.60% | 6.51% | 6.26% | 6.54% | 5.51% | 5.47% | 5.45% | 4.27% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.43% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.52% | 1.90% | 2.84% | 1.04% | 0.06% | 1.52% |
Drawdowns
FLHY vs. TIPX - Drawdown Comparison
The maximum FLHY drawdown since its inception was -22.57%, which is greater than TIPX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for FLHY and TIPX. For additional features, visit the drawdowns tool.
Volatility
FLHY vs. TIPX - Volatility Comparison
Franklin Liberty High Yield Corporate ETF (FLHY) has a higher volatility of 4.95% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 1.73%. This indicates that FLHY's price experiences larger fluctuations and is considered to be riskier than TIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.